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Axolt: Unified ERP Solutions for Inventory, Finance, and Supply Chain Management

Supply Chain Management

Financial Forecasting with AI-Powered Insights

February 14, 2025
In today’s dynamic business landscape, financial forecasting is more critical than ever. Traditional methods, while useful, often fall short in handling complex data, rapidly changing markets, and unforeseen risks. AI-powered insights are transforming financial forecasting by offering enhanced accuracy, speed, and data-driven decision-making. The Evolution of Financial Forecasting Financial forecasting has traditionally relied on historical data, manual analysis, and statistical models. While these methods provide a foundational outlook, they struggle to adapt to real-time market changes and large volumes of data. AI-powered forecasting, on the other hand, leverages machine learning, predictive analytics, and real-time data processing to generate more precise

Purchasing and supply chain

May 26, 2023
Purchasing and supply chain management are essential components of an ERP (Enterprise Resource Planning) system. ERP software provides robust functionalities to streamline and optimize purchasing processes and manage the entire supply chain efficiently. Some key features and capabilities related to purchasing and supply chain management in ERP systems include: Supplier Management: ERP systems enable organizations to manage supplier information, maintain supplier databases, evaluate supplier performance, and facilitate communication with suppliers. Purchase Requisition: Users can create purchase requisitions within the ERP system to initiate the procurement process. Requisitions can be routed for approval based on predefined workflows. Purchase Orders: ERP systems

Demystifying Inventory Planning: Strategies, Benefits, and Key Performance Indicators

May 5, 2023
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Inventory planning is a critical aspect of managing a business’s supply chain, ensuring that adequate stock levels are maintained to meet customer demand without incurring excessive holding costs or stockouts. In this article, we will discuss the concept of inventory planning, its advantages, the role of an inventory planner, how to develop an inventory plan, various replenishment models and strategies, and key performance indicators (KPIs) to monitor the success of your inventory planning efforts. What Is Inventory Planning and How Do You Implement It? Inventory planning is the process of determining the optimal quantity and timing of inventory to meet